4352 Sierra Way San Bernardino, CA 92407

Property Details for 4352 Sierra Way

Property size

5,483 SF

Property type

Bars

Property subtype

Pubs

APN

0154-221-33; 0154-22-34

Description

This exceptional value-add opportunity presents a 5,483 square foot multi-use commercial property situated on a 13,500 square foot lot in San Bernardino, California, at 4352 N Sierra Way, zip code 92407. Currently vacant with an occupancy date of April 10, 2024, this property offers significant upside potential for an owner-user or investor. The asking price is $1,500,000, representing a price per square foot of $273.57 and a pro-forma cap rate of 8.77%, with a pro-forma NOI of $131,592. The property features a rare, in-place Type 47 full liquor license and CUP, making it ideal for a bar, restaurant, or nightclub. The building is zoned CG-1 and includes 10 parking spaces in a gated, private lot. This location boasts high visibility on a major north-south thoroughfare (Sierra Way), experiencing up to 20,000 cars daily, just one block from the intersection of N Sierra Way and W 40th Street. The property is offered fee simple and includes APN numbers 0154-221-33 and 0154-22-34. Potential seller financing may be available. This is a truly unique opportunity to acquire a versatile commercial property with significant upside in a high-traffic location.